8800. Saco Bank (Saco, ME)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 12, 1844
Location
Saco, Maine (43.501, -70.443)

Metadata

Model
gpt-5-mini
Short Digest
3eb3bf84

Response Measures

None

Description

Contemporary exchange tables (Dec 1844) list Winthrop Bank, gone into liquidation redeemed. No mention of a depositor run; wording indicates the bank entered liquidation/was closed and redeemed—consistent with a suspension followed by permanent closure. The article uses Winthrop Bank (not explicitly Savings); I report the provided bank name but mark unsure.

Events (1)

1. December 12, 1844 Suspension
Cause
Voluntary Liquidation
Cause Details
Listed as gone into liquidation and redeemed, indicating the bank entered liquidation rather than failing due to an oncoming run or regulator action; no run reported in articles provided.
Newspaper Excerpt
Winthrop Bank, gone into liquidation redeemed
Source
newspapers

Newspaper Articles (2)

Article from The Woodstock Age, December 12, 1844

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Article Text

BANK NOTE & EXCHANGE TABLE. d Corrected for the Boston Post by WILLIS & Co., e Exchange and Money Brokers, No. State street, Dec 1844 if MAINE. S Agricultural Bank, Brewer (in hands of receivers I 80a 90 C1 dis Bangor Commer ial Bank, Bangor charter surrendered 3 Bath Bank worthless t charter expired Citizen's Bank, Augusta. new plate worthless Calis Bank aH City Bank, Portland chartersurrendered. worthless Damariscotta Bank do worthless I do Frankfort Bank, Frankfort do do do Globe Bank, Bangor / Georgia Lumber Co. Portland do do Hallowell and Augusta I Kenebeck Bank do Kennebunk Bank do Lafayette Bank, Bangor charter surrrendered y a 3 a Mercantile Bank, Bangor Oldtown Bank worthless do Fraud Oxford Bank, Fryburg do Passamaquoddy Bank People's Bank charter surrendered do Stillwater Canal, at Orono do In hands of receivers Saco Bank redeemed by Trustees at Saco St. Croix, Chlis charter surrendered 20 a Washington county, Calis redeemed by Trustees redeemed Waterville Bank (closed) la 2 Westbrook Bank, Westbrook Wiscasset Bank worthless NEW HAMPSHIRE. redeemed Claremont Bank, closing Concord Bank 3 5 worthless Hillsborough Bank New Hampshire, Portsmouth, charter redeemed expired worthless Woolfborugh Bank VERMONT. Fraud Agricultural Bank, Troy no such Bank authorised worthless Bennington Bank, Bennington Comercial Bank of Vermont fraud no such Bank authorised Essex, Guildhall worthless Green Mountain Bank do fraud do Jefferson, County Bank fraud St. Albans Bank la3 MASSACHUSETTS. redeemed Amherst Bank charter surrendered Berkshire Bank worthless do Chelsen Bank, Chelsea do Commonwealth Bank, Boston Charlestown Bank, charter surrendered-bills redeemn. bble at Sufollk. East Bridgwater Bank charter surrendered redeemed Essex Bank. Salem worthless do Farmers' and Mechanics', S. Adains do Farmers' Bank, Belchertown Franklin Bank, Boston do do Fulton, or Wimnisimmet Bank, Boston do Hampshire Bank, Northumpton Kilby Bank. Boston do Lafavette Bank, Boston do Mendon Bank closed redeemed Middlesex Bank, Cambridge, 2 a 25 a Middling Interest Bank, Boston Nahant Bank. Lynn 9 a Neburyport Bank 5 60 Phaenix Bank. Chralestown 40 0 Phonix Bank. Nantucket worthless Roxbury Bank charter annulled do Sutton Bank do Winthrop Bank,gone inteliquidation redeemed RHODE ISLAND. R. I Agricultural Bank, closed by injunction worthless Burriliville Bank worthless fraud do Eagle Bank, Newport Farmers' Bank do Farmers' and Mechanics' Bank 75 A Franklin Bank. Providence fraud worthless closed Mount Hope Bank redeemed Pascong Bank 5 5 a Providence county Bank CONNECTICUT. Bridgeport Manufacturing Co. fraud worthless Derby Bank, do Eagle Bank do Housatonic Railroad Co. 5 a NEW YORK. New York City 1.4 Old Safety Fund, good Barl 3.4 a 1 e New do do Red ck.uncertain 25 a 30 25 30 United States Bank Bills, oldand new Novia Scotia Bills 5 n 8 New Brunswick Bills 3 5 4 5 Upper Canada Lower do 4 5 EXCHANGE


Article from The Woodstock Age, December 19, 1844

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Article Text

BANK NOTE I EXCHA NGE TABLE. Corrected for the Boston Post by WILLIS & Co., Exchange and Money Brokers, No.25 ate street, Dec 1844 MAINE. Agricultural Bank, Brewer (in hands of receivers 80a 90 CI dis Bangor Commercial Bank, Bangor 3a charter surrendered worthless Bath Bank charter expired Citizen's Bank,Augusta, worthless new plate Ta8 Calis Bank City Bank, Portland chartersurrendered worthless do worthless Damariscotta Bank do Franktort Bank, Frankfort do do do Globe Bank, Bangor do Georgia Lumber Co. Portland do Hallowell and Augusta do Kenebeck Bank do Kennebunk Bank Lafayette Bank, Bangor 3 a charter surrrendered 3 a Mercantile Bank, Bangor Oldtown Bank worthless do Fraud Oxford Bank, Fryburg do Passamaquoddy Bank do People's Bank charter surrendered do Stillwater Canal, at Orono In hands of receivers Saco Bank redeemed by Trustees at Saco 20 a St. Croix, Calis charter surrendered Washington county, Calis redeemed by Trustees Waterville Bank redeemed (closed) 1a 2 Westbrook Bank, Westbrook worthless Wiscasset Bank NEW HAMPSHIRE. 5a redeemed Claremont Bank, closing Concord Bank 3 5 worthless Hillsborough Bank New Hampshire, Portsmouth, charter redeemed expired worthless Woolfborugh Bank VERMONT. Fraud Agricultural Bank, Troy no such Bank authorised worthless Bennington Bank, Bennington fraud Comercial Bank of Vermont no such Bank authorised worthless Essex, Guildhall do Green Mountain Bank fraud do Jefferson. County Bank fraud 1 a 2 St. Albans Bank MASSACHUSETTS. redeemed AmherstBank chartersurrendered worthless Berkshire Bank do Chelsea Bank, Chelsea do Commonwealth Bank, Boston Charlestown Bank, charter surrendered-bills redeemabble at Sufellk. East Bridgwater Bank redeemed charter surrendered worthless Essex Bank, Salem do Farmers' and Mechanics', S. Adams do Farmers' Bank, Belchertown do Franklin Bank, Boston do Fulton, or Wimnisimmet Bank, Boston do Hampshire Bank, Northampton do Kilby Bank, Boston do Lafayette Bank, Boston closed redeemed Mendon Bank 2 a Middlesex Bank. Cambridge, 25 0 Middling Interest Bank, Boston 9 a Nahant Bank, Lynn 5 60 Neburyport Bank 40 0 Phaenix Bank. Chralestown worthless Phonix Bank, Nantucket do Roxbury Bank charter annulled do Sutton Bank Winthrop Bank gone inteliquidation redeemed RHODE ISLAND. R. I Agricultural Bank, closed by injunction worthless worthless Burrillville Bank do fraud Eagle Bank, Newport do Farmers' Bank 76 8 Farmers' and Mechanics' Bank worthless Franklin Bank. Providence fraud redeemed closed Mount Hope Bank 5 Pascong Bank 5 a Providence county Bank CONNECTICUT. Bridgeport Manufacturing Co. fraud worthless do Derby Bank, do Eagle Bank 5 a Housatonic Railroad Co. NEW YORK. 71.4 New York City 3-4 1 Old Safety Fund, good Banks 25 a 30 New do do Red Back .uncertain 25a 30 UnitedStates Bank Bills, oldand new 8 Novin Scotia Bills 8 5 New Brinswick Bills 4 5 Upper Canada 5 Lower do